The Bangko Sentral ng Pilipinas (BSP) on Friday reported a shift in foreign investment flows for October 2024, with net outflows amounting to USD529.68 million.
Lending activity among banks remained robust in October, with universal and commercial banks (U/KBs) reporting a 10.6 percent year-on-year expansion in outstanding loans, slightly easing from the 11 growth in September, the Bangko Sentral ng Pilipinas (BSP) reported on Friday.
The national government (NG) reported a strong fiscal performance in October, recording a P6.3 billion surplus, a significant turnaround from the P34.4 billion deficit in the same month last year.
Manila Electric Co.'s (Meralco) power generation arm, Meralco Power Gen Corp. (MGen), is actively pursuing the development of new coal-fired power plants, despite a government-imposed moratorium on new coal projects.
SM Investments Corporation has earned its 17th consecutive Platinum Award at The Asset Corporate Sustainability Leadership Awards, organized by Hong Kong-based The Asset Publishing and Research Ltd. Its banking subsidiary, BDO Unibank Inc., also received a Platinum Award for sustainability performance.
Manulife Investment Management (MIM) expects the yield curve in the fixed income market to remain stable should the Bangko Sentral ng Pilipinas (BSP) keep its key interest rate at 5 percent at its rate-setting meeting on Thursday.
The Clark community gathered at Clark Global City’s West Aeropark on Monday to celebrate the Clark Moon Festival 2025, marking the Mid-Autumn Festival with cultural performances and a reaffirmation of partnerships aimed at driving the region’s development.